The Ugly Truth: Charitable Deductions Denied For Someone Else’s Mistake

If you were audited by the IRS, do you think they would be fair to you? Many people believe that if they have receipts and can prove their deductions, the IRS will accept it. That may have been true years ago, but today’s IRS is ruthless. This court case is proof of that. The Story David and Veronda Durden gave money to their church on
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Categories: IRS PROBLEMS and SACRAMENTO PERSONAL TAXES.

IRS Audits of Employee Business Expenses

The IRS is auditing more people who deduct employee business expenses.  If you work for someone and deduct work expenses, then this report is for you.   If you are called in for an audit, do you know how to defend yourself?  Many people go into an IRS audit with confidence, believing that their receipts will allow their tax deductions.  But when the auditor is
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Categories: IRS PROBLEMS and SACRAMENTO PERSONAL TAXES.

Why The IRS Audits More Small Businesses Than Big Corporations

Why the IRS Audits more Small Businesses than Big Corporations   Many small business owners believe that they are too small for the IRS to audit. After all, wouldn’t the IRS collect more money for the government by auditing larger businesses?   The answer is: no. The IRS brings in more dollars per hour auditing small mom and pop businesses, than they do auditing medium
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Categories: IRS PROBLEMS and SMALL BUSINESS ADVISORY.

The New IRS Model to Take More From You

The IRS’ Passive-Aggressive Model to take MORE from You   The IRS may have become the most cost-efficient government agency of all. That may sound like good news, but there is a dark side to that efficiency. Unfortunately the IRS is no longer interested in collecting the correct amount of taxes, but instead is using a passive-aggressive model to take more from you, even if
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Categories: IRS PROBLEMS.

Did You Get an IRS Letter?

What to do if you get an IRS audit letter   You should immediately open any mail from the IRS, because it usually requires some sort of action within a very narrow time-frame under the threat of additional taxes, interest and penalties. Be sure to have us review it BEFORE you make any contact with the IRS to explain the issues involved and the best
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Categories: IRS PROBLEMS.

10 Audit Tricks the IRS Uses Against You

10 IRS Audit Tricks to Take MORE from You   The IRS has become more aggressive in collecting taxes and has implemented new methods to balance the federal deficit from your pocketbook, including:   More automated Notices (many of them are wrong) The IRS Automated Under-Reporter Program has been very effective in collecting taxes. In 2011 it collected an additional $1,670 per CP2000 letter without
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Categories: IRS PROBLEMS and SACRAMENTO PERSONAL TAXES.

How Do Enrolled Agents & CPA’s Differ?

 At Incompass, we don’t employ seasonal non-licensed tax preparers, like the big chains hire. Our tax professionals are LICENSED Enrolled Agents (EAs) or Certified Public Accountants (CPAs). Most people know what a CPA is or have at least heard the term CPA, but many are not aware of the tax professionals called EAs. One reason is that there are about ten times more CPAs than
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Categories: IRS PROBLEMS and SACRAMENTO PERSONAL TAXES.

Beware of Tax Debt Relief Scams

Beware of telemarketers and advertisers on radio and television who make claims that sound too good to be true and who claim that they can settle IRS claims for “pennies on the dollar”. To avoid getting ripped-off in these scams, be sure to use local tax professionals whenever you have IRS problems.  Check the company’s website to verify that actual tax resolution professionals are employed,
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Categories: IRS PROBLEMS, SACRAMENTO PERSONAL TAXES, and SCAMS & SCHEMES.